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Economics

Reports, events, figures, and everything related to economics.

The state of the world economy…Coordinated slowdown and uncertain recovery

The International Monetary Fund (IMF) has lowered its global growth forecast for 2019 to its lowest level since the financial crisis, amid continuing trade disputes that have affected business and investment confidence, warning that the global economy is experiencing a "coordinated slowdown and uncertain recovery."The IMF also lowered its growth forecasts for Saudi Arabia and Iran, the two largest economies in the Middle East, on the back of U.S. sanctions, regional tensions, and falling oil prices.The…

A partial trade agreement between America and China is on the horizon

U.S. President Donald Trump announced that the United States and China had reached a partial trade deal, the first tangible de-escalation in the months-long trade war between the two largest powers. Global economic growth."We have reached a very substantial first-phase agreement," President Trump told reporters at the White House after a meeting with Chinese Vice Premier Liu He.The deal includes China's agreement to buy $40 billion to $50 billion worth of U.S. agricultural products and a commitment to open up more…

WTO gives Trump green light to tax European products

The World Trade Organization (WTO) has authorized the United States to punish European countries, including France, Germany, the United Kingdom, and Spain, which are the most targeted for a good reason, according to the Geneva institution, because they paid subsidies illegally to the European Airbus.This final and indisputable decision will allow the Trump administration to bail out its coffers at 7.5 billion dollars (6.9 billion euros), customs duties on imports from these countries. These taxes apply every year until…

What is Ronaldo’s wealth and where does his money go?

Argentinian star Lionel Messi took the top spot this season in the list of the highest paid footballers, replacing the Portuguese star Cristiano Ronaldo, who has dominated in recent years.The Madeira Rocket, which earned $ 125 million in 2019, came in second place less than $ 17 million than the Pulga.But how much does Ronaldo's fortune?Ronaldo's fortune is estimated at $ 450 million, making him one of the richest athletes in the world, from 2009 to today, he earns an average of $ 90 million a year.This amount comes from his…

Record 1.3 tonnes of heroin seized aboard a container ship in England

The UK's specialist services have seized a record 1.3 tonnes of heroin from a container ship in the port of Felixstowe in eastern England, the National Crime Agency (NCA) announced on Wednesday.According to a statement from the NCA, the value of the seized goods amounts to 27 million pounds (29.8 million euros) on the wholesale market and more than 120 million pounds retail, the equivalent of 132 million euros.It is a "record seizure in the UK and one of the largest ever in Europe," which "deprives organized crime of tens of…

Does Trump’s trade war with China threaten Apple’s future?

The U.S.-China trade war threatens the future of technology giant Apple, which will have to increase the price of some of its products over the weekend because of Trump's tariffs on Chinese products, according to a report published by Bloomberg.The website revealed that trump's tariff on Chinese trade products, which stands at 15% - officially entered into force on Friday, will be imposed on hundreds of products entering the United States by the end of this week.The website suggested that the new tariffs will increase the…

Brexit: Boris Johnson suspends UK Parliament

PH/Boris JohnsonBoris Johnson on Wednesday (August 28th) confirmed the suspension of the British Parliament until 14 October, despite opposition criticism of an undemocratic move.The British government led by Prime Minister Boris Johnson suspended Parliament two weeks before the effective date of Brexit. The announcement of this information was made by the BBC and Sky News on Wednesday without confirmed.According to the British media, after the parliamentary recess scheduled for Tuesday, MPs are expected to sit only a few…

One hundred international companies set up in the Netherlands because of Brexit

flag of the NetherlandsAbout one hundred international companies have set up operations in the Netherlands since the Brexit referendum in June 2016 and another 325 are interested in such a move, following the uncertainty surrounding the divorce between London and Brussels.British companies have great interest in moving to the Netherlands, but firms in North America, Asia and Australia are also considering this possibility, said Monday the Netherlands Foreign Investment Agency "NFIA" ."The growing uncertainty in the…

Trump hints at French wine tax before flying to G7

US President Donald Trump again threatened Friday to impose additional tariffs on French wines before flying to Southwest France where he must attend the G7 summit.Accompanied by his wife Melania, Mr. Trump left the White House shortly after 11 pm (Saturday 3 pm GMT).Claiming to expect "very productive" talks at the Biarritz summit, he nevertheless brandished, during an exchange with journalists, the threat of retaliation for the imposition of a French tax on the American giants of the sector. high technologies."I do not…

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